Risk Management
F rom its very founding, The Depository Trust & Clearing Corporation (DTCC) had played a vital role in protecting the integrity of the global financial system and mitigating risk for the industry. That would be needed more than ever, with an increasingly complex global financial market, greater reliance on technology and the rise in sophisticated cyberattacks. DTCC continued its strategy of working to anticipate disruptions and challenges the markets might face. “We are always thinking about what can go wrong,” said Lynn Bishop, managing director and chief information officer. “What are the scenarios that we haven’t thought about that we need to focus on? When we build our systems and want to build solutions, we establish them not only to handle the needs of the day, we also build them to withstand the test of time.”
DTCC was created as an answer to a crisis. That would always be the firm’s mandate, whether it would be in developing solutions to mitigate challenges facing the global financial markets or against active threats including cyberattacks. (Photo by Nikolay Frolochkin courtesy of Pixabay.)
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